In the matter of A.C.N. 157 853 908 Pty Limited (in liquidation) [2020] NSWSC 522

Supreme Court New South Wales

Medium Neutral Citation: In the matter of A.C.N. 157 853 908 Pty Limited (in liquidation) [2020] NSWSC 522 Hearing dates: 6 April 2020 Decision date: 11 May 2020 Jurisdiction: Equity - Corporations List Before: Black J Decision: Judgment for Plaintiffs for $90,000, interest in the amount of $5,667, and costs and agreed or assessed Catchwords: CIVIL PROCEDURE – Summary disposal – Judgment for Plaintiffs

CORPORATIONS – Winding up – Voidable transactions – Whether payments from company to Defendant were uncommercial transactions under s 588FB of Corporations Act – Whether payments made while company insolvent – Deemed insolvency by failure to keep adequate financial books and records – Order under s 588FF of Corporations Act Legislation Cited: - Corporations Act 2001 (Cth) ss 95A(1), 95A(2), 286, 588FB, 588FC, 588FE(4), 588FF Cases Cited: - Agar v Hyde [2000] HCA 41; (2000) 201 CLR 552 - Capital Finance Australia Ltd v Tolcher [2007] FCAFC 185; (2007) 164 FCR 83; (2007) 64 ACSR 705 - Dey v Victorian Railways Commissioners [1949] HCA 1; (1949) 78 CLR 62 - Fisher v Divine Homes Pty Ltd; Allen v Harb [2011] NSWSC 8; (2011) 85 ACSR 512 - General Steel Industries Inc v Commissioner for Railways (NSW) [1964] HCA 69; (1964) 112 CLR 125 - Mirembe Pty Ltd v Dangar [2009] NSWSC 1268 - Re Anton Fabrications (NSW) Pty Ltd; Bentley Smythe Pty Ltd v Anton Fabrications (NSW) Pty Ltd [2011] NSWSC 186; (2011) 248 FLR 384 - Re Emanuel (No 14) Pty Ltd (in liq); Macks v Blacklaw & Shadforth Pty Ltd (1997) 147 ALR 281; (1997) 24 ACSR 292 - Re Employ (No 96) Pty Limited (in liq) [2013] NSWSC 61 - Re Ledir Enterprises Pty Limited [2013] NSWSC 101 - Westpac Banking Corporation v Lahood [2011] NSWSC 1057 Category: Procedural and other rulings Parties: Blair Alexander Pleash in his capacity as joint and several liquidator of A.C.N. 157 853 908 Pty Ltd (in liq) (First Plaintiff) Kathleen Elizabeth Vouris in her capacity as joint and several liquidator of A.C.N. 157 853 908 Pty Ltd (in liq) (Second Plaintiff) A.C.N. 157 853 908 Pty Ltd (in liq) (Third Plaintiff) Tona Inthavong (Defendant) Representation: Counsel: N J Simpson (Plaintiffs)